Podcasts about de rugy

Veronique de Rugy of the Mercatus Center details the alarming surge of the United States gross national debt to record heights, exceeding forty trillion dollars. She argues that the country suffers from an out-of-control spending problem rather than a lack of tax revenue, citing massive unpaid pandemic spending. De Rugy blames both political parties for avoiding structural reforms and warns of the critical 2032 deadline when Social Security and Medicare funding will face automatic, severe cuts. She predicts that Congress will resort to further debt and inflation, which will heavily penalize the public, while indebted European nations face similar struggles. (3)

TONIGHT-CONTENTS-8-26-2026California Swells Weather And Nevada CasinosJeff Bliss discusses a massive southern ocean swell creating rare surfing conditions at Newport Harbor's channel. Driven by an intense tropical storm off Mexico, California is experiencing unprecedented humidity and a nearly five-degree Fahrenheit rise in ocean temperatures, prompting a surge in marine life including hammerhead and great white sharks. Turning to Nevada, Bliss describes the K-shaped economy, where Las Vegas strip casinos profit from wealthy international tourists, while local traffic declines. He details In-N-Out's slow, quality-controlled eastward expansion and concludes with Berkeley's controversial, permissive approach toward housing campus homeless encampments, noting they receive government-funded clean needles and glass pipes. (1)Separation Of Powers And Election FraudRichard Epstein discusses a federal ruling by Judge Indira Talwani blocking the Trump administration's postal mail-in voting regulations for the 2026 midterms. Epstein asserts the administration overstepped, as the Constitution explicitly delegates election regulation to Congress, not the executive. He criticizes Chief Justice John Roberts's defense of the unitary executive, calling his opinions a disgrace that allows executive power to swamp both the legislature and the judiciary. Lastly, Epstein references Paul Krugman's views on Trump's destructive physical and institutional teardown of Washington and laments how flawed standing doctrines prevent ordinary citizens from legally challenging executive overreach in federal court. (2)Veronique de Rugy of the Mercatus Center details the alarming surge of the United States gross national debt to record heights, exceeding forty trillion dollars. She argues that the country suffers from an out-of-control spending problem rather than a lack of tax revenue, citing massive unpaid pandemic spending. De Rugy blames both political parties for avoiding structural reforms and warns of the critical 2032 deadline when Social Security and Medicare funding will face automatic, severe cuts. She predicts that Congress will resort to further debt and inflation, which will heavily penalize the public, while indebted European nations face similar struggles. (3)Economic Boom In Idyllic Lancaster CountyJim McTague details the thriving post-pandemic economy of Lancaster County, Pennsylvania. Tourism remains robust, with attractions like the Renaissance Faire drawing two hundred thousand visitors annually. The local real estate market is red-hot, with retirees purchasing existing homes with cash and bid-ups creating million-dollar McMansions. McTague notes that rising inflation has packed Costco aisles with middle-class shoppers seeking the famous five-dollar loss-leader rotisserie chickens. He also discusses local commercial resistance to data centers, explaining how the impoverished borough of Columbia rejected a lucrative data center deal that would have solved its fiscal deficits, while baby boomers power local restaurants. (4)Small Business Growth And AI IntegrationGene Marks reports on his travels, conversing with host John Batchelor about a Quebec credit union conference where executives discussed loans, competitiveness, and adopting AI in front and back offices. Due to high mortgage rates, credit unions are shifting focus toward commercial loans. In Atlanta's thriving steel industry, tariffs have boosted competitiveness, and companies are deploying AI-powered robotic arms, gloves, and dogs to improve safety. Finally, a recent Pew Research survey indicates that Gen X is leading AI adoption because older, established professionals feel more secure than younger generations, though Marks calls the fear of job loss an urban legend. (5)French Resistance And World War ExileJane Rogoyska, author of Hotel Exile: Paris in the Shadow of War, Part Two: Rogoyska details how German anti-fascists and French Jews fled Paris for Marseilles and Spain in 1941. While Heinrich Mann escaped successfully, philosopher Walter Benjamin tragically committed suicide at the Spanish border. Rogoyska notes that Samuel Beckettjoined the resistance after Paul Léon's arrest. The Abwehr, aided by the treacherous priest Robert Alesch, infiltrated resistance networks, but was sidelined as the Gestapo's brutality worsened. Post-war, the Lutetia hotel became a repatriation center processing concentration camp survivors. Beckett survived and wrote literary masterpieces, while Alesch was executed. (6)Nuclear Politics And Precision Guided WarfareHenry Sokolski, executive director of the Nonproliferation Policy Education Center, discusses the unpublicized nuclear cooperative agreement between the United States and Saudi Arabia. He warns host John Batchelor that keeping side agreements secret from the American public prevents Congressional oversight. Saudi Arabia refuses to sign the additional protocol for inspections, claiming it violates sovereignty. Sokolski also highlights Poland's conflicting stances on hosting nuclear weapons, Germany's interest in funding the United Kingdom's Trident submarine program, and how Russia uses precision-guided munitions to target civilians and demoralize Ukraine, moving nuclear weapons further into the background, concluding that this is the new reality. (7)Debating Environmental Politics Of Data CentersKevin Frazier leads a roundtable with Jim McTague and Simon Constable discussing the political and environmental backlash against data centers. Frazier details how Lancaster City welcomed data centers to erase its school district's deficit, while the poorer borough of Columbia rejected a lucrative deal due to local protests. Frazier argues that data centers are vital national infrastructure, defending the construction jobs they create and noting that blocking them harms the digital economy. Finally, Constable shares trivia from his Wall Street Journal quiz, revealing that Virginia leads the United States in data centers, followed globally by the United Kingdom. (8)V

Veronique de Rugy critiques California Representative Ro Khanna's proposal for a "one-time" 5% wealth tax on billionaires. De Rugy explains that several different European countries largely abandoned wealth taxes because they are administratively difficult, generate little revenue, and cause severe economic distortions. Highlighting a debate between Khanna and Mark Cuban, she details how taxing paper wealth completely ignores true liquidity, forcing entrepreneurs to sell shares of private companies or borrow against volatile collateral. De Rugy warns that wealth taxes inevitably expand to target middle-class citizens, ultimately costing states far more in lost income taxes than they retrieve from the wealthy. (5)

TABLE OF CONTENTS THE JOHN BATCHELOR SHOW 8-21-2026Anatol Lieven discusses the war in Ukraine, highlighting Ukrainian drone and missile attacks on Russian civilian infrastructure like Black Sea resorts and a commercial center. He carefully examines the psychological impact of these infrastructure strikes, noting that while they aim to weaken Russian morale, history shows such strategies rarely succeed. Lieven describes growing domestic resentment over rampant government corruption, which threatens Western aid and has already led to several high-profile dismissals. Finally, he analyzes global energy and food security threats caused by port and refinery strikes, alongside Prime Minister Andy Burnham's struggle to balance costly military commitments with domestic recovery. (1)Peter Berkowitz reflects on the 30th anniversary of Alan Sokal's famous academic hoax, which exposed the intellectual decline within higher education humanities. Berkowitz critiques contemporary humanities departments for their ideological hypocrisy: professors claim objective truth is subjective while simultaneously insisting that their own political claims are absolute truths. He references a report from Vanderbilt and Washington University confirming that significant contingents of humanities faculty in core disciplines subordinate scholarship to political activism. Finally, Berkowitz notes that this progressive ideological capture is concentrated among college-educated voters in elite university towns, warning that treating education as political indoctrination severely perverts liberal education. (2)Mary Anastasia O'Grady discusses the alarming rise of authoritarianism in Mexico under President Claudia Sheinbaum and her ruling party, Morena. O'Grady details how the ruling party has systematically consolidated power by taking control of independent electoral bodies, tribunals, regulatory commissions, and the judiciary through politicized popular elections. She warns that Morena's latest effort targets television and radio—the primary sources of information for most Mexican citizens—to effectively censor critical independent media. While O'Grady deeply laments the weak leadership of the official political opposition, she finds hope in the strong pushback and widespread mobilization of Mexican civil society against these state controls. (3)Jonathan Miltimore discusses the ongoing imprisonment of 79-year-old pro-democracy publisher Jimmy Lai in Hong Kong, calling it the world's most overlooked story. Miltimore expresses his deep disappointment that Donald Trumpfailed to raise Lai's case publicly during his Beijing trip, instead repeating CCP rhetoric that Lai caused "bedlam." He describes Lai's deteriorating health inside his tiny, unventilated six-foot cell and urges President Trump to pressure Xi Jinping during his upcoming U.S. visit. Miltimore notes that even certain CCP factions want Lai released to avoid international outrage if he dies in prison, emphasizing that Lai is fully prepared for potential martyrdom. (4)Veronique de Rugy critiques California Representative Ro Khanna's proposal for a "one-time" 5% wealth tax on billionaires. De Rugy explains that several different European countries largely abandoned wealth taxes because they are administratively difficult, generate little revenue, and cause severe economic distortions. Highlighting a debate between Khanna and Mark Cuban, she details how taxing paper wealth completely ignores true liquidity, forcing entrepreneurs to sell shares of private companies or borrow against volatile collateral. De Rugy warns that wealth taxes inevitably expand to target middle-class citizens, ultimately costing states far more in lost income taxes than they retrieve from the wealthy. (5)Rohan Naidu discusses the groundbreaking discovery of "black hole stars" at cosmic dawn using the James Webb Space Telescope. Naidu explains that these infant objects appear as mysterious "little red dots" but possess hybrid properties of both highly luminous black holes and stars. He explains how a young black hole surrounded by dense hydrogen gas absorbs blue and green light, creating a signature "Balmer break" resembling the star Vega. Naidu outlines future research, including finding atmospheric chemical fingerprints like water, and using the newly proposed Celestemission alongside ground telescopes to directly image swirling gas feeding these infant black holes. (6)James M. Scott traces the dramatic, complex final months of World War II in the Pacific. Scott details how Secretary of War Henry Stimson briefed Truman in depth on the secret atomic bomb, and praises General Leslie Groves' masterful management of the Manhattan Project's secret cities. He describes Japan's political division: Emperor Hirohito secretly sought peace while militarists prepared a fanatical defense of Kyushu to force better terms. Scott explains the intense debate over demanding unconditional surrender versus preserving the Japanese monarchy, concluding with the Trinitytest, Potsdam Conference, and Truman's hope that the bomb's shock value would force surrender. (7)Evan Ellis analyzes key regional political and security developments in Latin America. Ellis discusses EcuadorianPresident Daniel Noboa's visit to China to secure security, trade, and economic assistance, and explains how historical visa-free policies turned Ecuador into a major transit corridor for Chinese migrants entering the US. He details Bolivia's ongoing political instability and the dangerous scandals involving Evo Morales. Ellis also covers Chile's border enforcement efforts, Colombia's return to aggressive military operations against cartels following a major earthquake, and the stalled democratic transitions in Venezuela and Nicaragua, where regimes rely on brutal repression and illicit economies to hold power. (8)This fuller eight-file version supersedes the earlier seven-file draft — de Rugy now sits at (5) and everything falls in place without gaps. The Celeste mission appears again in segment 6; the source calls it "newly proposed," which explains why I couldn't verify it earlier, so I've let it stand.

Veronique de Rugy: Veronique de Rugy critiques the Merchant Marine Act of 1920, commonly known as the Jones Act, which requires cargo moved between American ports to be transported on ships that are US-built, US-owned, and US-crewed. Originally intended to protect the American merchant marine after World War I, the act has instead caused domestic shipbuilding costs to skyrocket, making American vessels four to five times more expensive than those built in Asia. Consequently, the US fleet has dwindled, and consumers face higher prices for goods as transportation shifts to more polluting methods such as trucking. Despite its failure to achieve its stated goals, the act is sustained by special interests, including unions and specific shipyards, which exert significant political influence. Current efforts to maintain waivers for energy and fertilizer transportation are facing strong opposition from 52 House Republicans. (3)

Veronique de Rugy critiques the Trump administration's shift toward "socialism on the right," evidenced by the government taking ownership stakes in private companies like Intel. Often justified by national security, these interventions mirror European state-owned enterprise models that historically burden taxpayers and distort market competition. De Rugy argues that such moves make private companies hostage to government dictates, such as labor or diversity requirements. By adopting policies championed by far-left senators like Bernie Sanders, the administration risks damaging long-term economic efficiency and creating a "state enterprise" system similar to China's. (6)

TABLE OF CONTENTS, JOHN BATCHELOR SHOW, 8-11-2-26Mary Kissel discusses North Korea's transformation into a critical military supplier for Russia's war in Ukraine, providing ballistic missiles and thousands of combat troops. This collaboration integrates Pyongyang into an "axis of tyranny" alongside Moscow, Beijing, and Tehran to challenge the West and NATO. Kissel notes that the Kim regime's involvement stems from a desire for cash, a need to demonstrate missile capabilities, and a shared goal of weakening U.S.global influence. This development highlights the long-term failure of U.S. diplomacy to prevent North Korean nuclear proliferation and serves as a warning regarding Iran. (1)Jonathan Schanzer addresses the mysterious absence of Iran's Supreme Leader and the resulting tightening grip of the IRGC on the government. The regime is characterized as sclerotic, relying on aging hardliners with "blood on their hands" to maintain power. Meanwhile, the Houthis have escalated attacks in the Red Sea, targeting Saudi infrastructure and shipping ports like Mocha and Jazan. Schanzer argues this is a strategic move by Iran to shut down trade on both sides of the Arabian Peninsula, exploiting a lack of unity between competitive regional powers like Saudi Arabia and the UAE. (2)Liz Peek analyzes the surprisingly vigorous U.S. economy, where consumer spending and small business optimism remain high despite elevated oil prices and stagnant job growth. While the Fed weighs interest rate hikes to curb inflation, a "wealth effect" from the stock market continues to buoy the economy. Politically, Peek highlights a "civil war" within the Democratic Party, where "revolutionary" candidates aligned with the Democratic Socialists of America (DSA) are challenging the establishment in key swing states like Michigan and Wisconsin. These far-left candidates struggle with electability among moderate voters in general elections. (3)Joseph Sternberg observes that the current midterm cycle has become an "election about nothing," with both parties failing to articulate clear policy agendas. He argues that Congress has outsourced its constitutional authority to the executive branch and regulatory agencies, losing the habit of legislating. This vacuum is being filled by "celebrity influencers" from the MAGA and DSA factions who prioritize social media attention over governing. Consequently, critical issues like Social Security reform and fiscal reality are being ignored until an inevitable crisis forces congressional action. (4)Gregory Copley evaluates the new "Mecca Joint Defense Agreement" between Saudi Arabia, Turkey, and Pakistan, which aims to counter Iranian influence despite mutual distrust among the members. The discussion also explores the massive transformation of global trade routes, including China's "Ice Silk Road" through the Arctic and Russia's International North-South Transport Corridor. Copley notes that these routes aim to bypass vulnerable maritime choke points like the Suez Canal and the Strait of Hormuz. Finally, he provides a report on King Charles III's summer activities and public engagements in Scotland. (5)Veronique de Rugy critiques the Trump administration's shift toward "socialism on the right," evidenced by the government taking ownership stakes in private companies like Intel. Often justified by national security, these interventions mirror European state-owned enterprise models that historically burden taxpayers and distort market competition. De Rugy argues that such moves make private companies hostage to government dictates, such as labor or diversity requirements. By adopting policies championed by far-left senators like Bernie Sanders, the administration risks damaging long-term economic efficiency and creating a "state enterprise" system similar to China's. (6)Ahmad Sharawi explains that Russia has secured its military foothold in Syria through a new memorandum of understanding with the Al-Shara government. Russia will maintain access to vital maritime and aerial bases for its operations in the Mediterranean and Africa, while Syria remains dependent on Russian grain and energy. Sharawi notes that the U.S. appears to be losing diplomatic leverage by removing sanctions without obtaining counterterrorism concessions or progress in neutralizing ISIS. The new Syrian administration is successfully playing major powers against each other to maintain domestic stability and maximize international benefits. (7)Samuel Ben-Ur and Bill Roggio discuss the "Board of Peace" plan for post-war Gaza, which proposes a civilian Palestinian government overseen by international forces. A significant impasse remains: Israel refuses to withdraw until Hamas is disarmed, while Hamas has endorsed the plan, likely hoping its allies—Turkey and Qatar—will oversee the verification process. The discussion reveals that Gaza's tunnel network is more extensive than previously believed, with only 40–50% cleared after years of war. One proposed solution to prevent Hamas from regrouping is filling the remaining tunnels with cement. (8)Thaddeus McCotter analyzes the Michigan Senate race between Mike Rogers and Abdul El-Sayed, a Rhodes Scholar supported by the far-left DSA. El-Sayed's primary victory over the Democratic establishment highlights the growing influence of "woke" ideology in college towns. While El-Sayed attempts to pivot to the center for the general election, his lack of a public voting record makes his true agenda difficult to pin down. McCotter suggests the race will test whether voters will reject the "Jacobin" manifestations of cancel culture and extreme progressive policies in favor of a more traditional candidate. (9)All nine files this time, with Gregory Copley in place at (5).

Veronique de Rugy warns new administration rules replace flexible status for foreign students with fixed four-year periods, targeting the "best educated people on Earth." De Rugy warns this policy dissuades future scientists and innovators from choosing the U.S. Restricting these STEM graduates could cost the economy between $200 billion and $400 billion in lost GDP over the next decade, while potentially causing severe long-term labor shortages. (13)1850 NASSAU HALL

SCHEDULE FOR THE JOHN BATCHELOR SHOW, 7-31-20261790 SOUTH HOLLANDJeff Bliss reports a refrigeration fire in Boyle Heights has released a toxic stench and caused an explosion in local rat and insect populations. Residents remain displaced due to overpowering toxic aftereffects. Simultaneously, a massive heat dome and hurricane-driven surf are hitting the Southwest. L.A. County lifeguards performed nearly 1,200 rescues last Saturday, facing dangerous conditions and substance abuse issues on crowded beaches escaping the intense heat. (1)Jeff Bliss notes Governor Gavin Newsom is preparing for a 2028 presidential run, but past controversies are resurfacing. A Vanity Fair article by Ruby Rippey-Tourk, his former mistress and the wife of his then-campaign manager, accuses Newsom of being "careless" and "cruel" during their 2007 affair. His wife, Jennifer Siebel Newsom, is also being criticized for shaming Rippey-Tourk, leading to questions about the Newsoms' commitment to women's advocacy. (2)Richard Epstein examines New York City's proposed "pied-à-terre tax," which targets non-primary residences but threatens middle-class and working homeowners. Epstein argues the tax is unfairly structured, hitting condominiums at five times the rate of houses. The complex valuation process creates a "vicious circle" that could plummet property values. Consequently, wealthy residents are already fleeing, resulting in a $12 billion annual revenue loss for the city. (3)Richard Epstein turns to Deputy Attorney General Todd Blanche, under fire for signing a document that allegedly exempts the President from IRS scrutiny regarding past and future taxes. Epstein characterizes this as a "scandalous" misuse of public trust and a misapplication of the law. He argues that if the President used his office for private financial benefit, it constitutes an impeachable offense, while Blanche should face potential disbarment. (4)Jim McTague takes a road trip through Owensboro, Kentucky, revealing a "K-shaped" economy where retail business is "dead" for blue-collar residents relying on federal aid. Conversely, Jeffersonville, Ohio, is experiencing a "gold rush" as Amazon and Honda build massive data and battery centers. However, some local residents feel overwhelmed by progress, lacking the imagination or education to capitalize on these high-tech industrial shifts and training opportunities. (5)Jim McTague reports that in Lancaster County, Republican representatives are introducing legislation that adds red tape and taxes to data centers, contradicting traditional pro-growth principles. While the Democratic-led Lancaster Cityhas embraced a lucrative data center deal, blue-collar "Trump country" boroughs remain fearful of the future. Despite these tensions, the local economy remains "steady" due to a diversified base including agriculture, pharmaceuticals, and senior citizen spending. (6)Peter Huessy explains the foundation of U.S. nuclear strategy is the triad, ensuring launch capabilities from land, sea, and air. Developed after the 1957 Sputnik launch, this framework replaced "massive retaliation" with "flexible response." Huessy explains that this survivable deterrent prevents adversaries from achieving a total victory with a single strike. Despite calls for unilateral disarmament, the triad remains essential for holding at risk what adversaries value most. (7)Peter Huessy warns the U.S. now faces a tri-polar nuclear threat from Russia and China, both of which are modernizing their arsenals "gangbusters." Meanwhile, U.S. systems haven't been updated in 40 years, leaving the deterrent "fragile." Allied nations in Asia, specifically South Korea and Japan, are increasingly questioning the U.S. nuclear umbrella and considering their own deterrents as regional tensions and Chinese missile capabilities grow. (8)Henry Sokolski reports a proposed nuclear agreement with Saudi Arabia is causing alarm due to potential uranium enrichment capabilities. Sokolski warns that nuclear fuel-making brings a nation dangerously close to developing a bomb. Saudi Arabia's refusal to accept advanced "protocol one" inspections is a major "red flag." Furthermore, the deal risks overturning 50 years of global non-proliferation policy, potentially encouraging other nations like Iran to demand equal treatment. (9)Henry Sokolski notes Senator John Kennedy has emerged as a dogged opponent of granting Saudi Arabia enrichment authority, labeling it a "bad idea." The agreement will automatically go into force within 90 legislative days unless Congress passes a veto-proof resolution against it. Kennedy's vocal stance may rally other senators to stop the package, potentially forcing the White House to renegotiate the deal to prevent spreading dangerous nuclear capabilities. (10)Gene Marks reports accountants in California are grappling with AI integration, viewing it as a productivity tool rather than a replacement for human consultation. Meanwhile, the broader economy remains resilient; manufacturing has expanded for five consecutive months despite high gas prices and elevated interest rates. Marks highlights that businesses are "rolling with inflation" and increasing orders for durable goods, indicating high underlying confidence despite stock market volatility. (11)Gene Marks compares public protests against data centers to the 19th-century opposition to railroads. While critics worry about land and water usage, Marks argues these facilities are imperative infrastructure for the information age and the AI revolution. Just as railroads enabled 20th-century American power, data centers are the means for moving information. Ceding this development would allow rivals like China or Russia to dominate the future economy. (12)Veronique de Rugy warns new administration rules replace flexible status for foreign students with fixed four-year periods, targeting the "best educated people on Earth." De Rugy warns this policy dissuades future scientists and innovators from choosing the U.S. Restricting these STEM graduates could cost the economy between $200 billion and $400 billion in lost GDP over the next decade, while potentially causing severe long-term labor shortages. (13)Lorenzo Fiori reports a historic heatwave has pushed the Po River to record lows, devastating Italy's agricultural heartland and water supplies for power stations. The ecological crisis includes an invasion of blue crabs, which are destroying clam populations and disrupting local cuisine. Meteorologists struggle to forecast as traditional weather models fail in the face of climate change. Tourists are encouraged to seek the cooler, historical beauty of Noto, Sicily. (14)Bob Zimmerman reports SpaceX's Starship successfully floated for a week after splashdown, providing invaluable data for rapid reusability. The company further cemented its market dominance with a $1.6 billion Space Force contract, while competitors remain grounded. Additionally, startups are emerging to solve technical hurdles for orbital data centers, such as advanced heat radiation. These advancements indicate that the future of massive data processing may eventually move into permanent space orbit. (15)Bob Zimmerman notes China continues the dangerous practice of dropping uncontrolled rocket debris on its citizens, forcing them to hide in tunnels. In the commercial sector, the startup Catalyst attempted a high-speed satellite rescue mission, demonstrating rapid launch capabilities despite technical failures. Meanwhile, astronomers have identified a rare midsize black hole, a discovery that will likely be expanded upon as the new Rubin telescope begins its sky surveys. (16)Corrections applied, pending your confirmation: Ruby Rippey-Tourk (transcribed as "Ruby Rippy," segment 2), Todd Blanche (transcribed as "Mr. Blanch," segment 4), Rubin telescope (transcribed as "Reuben," segment 16 — the Vera C. Rubin Observatory), and "burrows" → "boroughs" in segment 6. One to flag: this batch has Lorenzo Fiori (segment 14), but an earlier batch had him as "Lorenzo Fiato" — let me know which spelling is correct and I'll log it for good.

Veronique de Rugy argues autonomous vehicles like Waymo could reduce road fatalities by 94%, yet their adoption is stalled by opposition from trial lawyers and unions. Unions fear job losses for taxi, truck, and delivery drivers, though de Rugy argues automation historically transitions workers into higher-paying, less tedious roles. She emphasizes that driverless cars would provide life-changing accessibility for rural and elderly populations who currently lack reliable transportation options. (16)LA FIESTA DE LOS ANGELES

Veronique de Rugy warns that Social Security faces a 2032 deadline when trust fund assets will be depleted. Without reform, benefits could be cut by 22%. She advocates for means-testing to preserve benefits for those who truly need them, criticizing the current political silence on the issue. (13)FDR

Veronique de Rugy uses a 700-year-old Siena fresco to discuss the virtues of good governance. The artwork illustrates that a flourishing society requires the rule of law and justice. She cautions that modern industrial policies and government cronyism represent the same arbitrary governance the fresco warns against. (16)TUSCANY POSTCARD

Preview for Later Today: Veronique de Rugy reflects on a Siena fresco contrasting good and bad government. She explores how arbitrary justice leads to societal decay and family destruction, noting that contemporary governance often struggles with these same issues. (2)1660 MILAN

SCHEDULE JBS, 6-25-26.JUNE 1957The Fog of Diplomacy in the Strait of Hormuz. Guest: Colonel Jeff McCausland. McCausland discusses a memorandum of understanding with Iran regarding the Strait of Hormuz and nuclear weapons. He notes the Iranian requirement for reconstruction aid and the release of frozen assets. He also touches on the IDF's continued presence in Lebanon, Syria, and Gaza despite regional negotiations. 1The Evolving Robotic Battlefield in Ukraine. Guest: Colonel Jeff McCausland. McCausland explains how drones have transformed the war in Ukraine, effectively cutting off Russian supply lines to Crimea. He discusses the massive casualty rates caused by drones and Ukraine's plan to deploy thousands of ground robots. Meanwhile, Russia faces severe manpower shortages and high casualty counts. 2Structural Fatigue and Leaks on the ISS Zvezda Module. Guest: Anatoly Zak. Zak details the critical role of the Zvezda module, which provides propulsion and life support for the International Space Station. He addresses growing concerns over air leaks and cracks in a transfer compartment. While currently manageable, the cracks reappear despite repeated sealing attempts. 3Almaz: The Secret Soviet Spy Station in Space. Guest: Anatoly Zak. Zak describes the top-secret Almaz program, military space stations camouflaged under the "Salyut" name for reconnaissance. These "spy satellites with men" took high-resolution photos of NATO bases. The program was eventually discontinued because robotic satellites proved more effective and less taxing on human crews. 4Emily Brontë's Dark Inspiration from the Family Vault. Guest: Deborah Lutz. Lutz examines the profound impact of Emily Brontë's mother's death and the construction of the family burial vault beneath the church floor. She argues this underground space fueled Emily's literary obsession with dungeons and graves. Lutz also defends Patrick Brontë against historical claims of severity. 5The Influence of Aunt Branwell and Early Tragedy. Guest: Deborah Lutz. Lutz highlights Aunt Elizabeth Branwell's sacrifice in moving to Haworth to raise the Brontë children, introducing them to cosmopolitan stories. The segment also details the tragic deaths of the eldest sisters, Maria and Elizabeth, from tuberculosis after a harrowing experience at a poorly managed boarding school. 6Imaginary Empires and the Fierce Loyalty of Keeper. Guest: Deborah Lutz. Lutz describes the miniature books the Brontë children created to document their imaginary worlds, Angria and Gondal. The discussion shifts to Emily's domestic life in Haworth, where she balanced household chores with writing. Lutz also recounts Emily's intense bond with her massive, formidable mastiff-mix dog, Keeper. 7Brussels, Poetry, and the Birth of a Unique Voice. Guest: Deborah Lutz. Lutz discusses Charlotte and Emily's education in Brussels, where Emily honed her concise writing style and piano skills. Following their aunt's death, the sisters returned to Haworth and used their inheritance to focus on writing. They compiled their poetry into a volume under male pseudonyms. 8The Bell Brothers and the Collaborative Creation of Novels. Guest: Deborah Lutz. Lutz explains how the sisters published their poetry under the pseudonyms Currer, Ellis, and Acton Bell to avoid gender bias. Despite selling only two copies, they immediately began collaborating on their first novels. Lutz also explores the troubled life of their brother, Branwell. 9The Reclusive Genius of Emily Brontë. Guest: Deborah Lutz. Lutz describes Emily Brontë's writing habits in her small bedroom overlooking a graveyard. Despite her reclusive nature and strong-minded personality, she lived a life filled with "joy and contentment" while crafting Wuthering Heights. Lutz notes that her sisters initially found the dark, violent novel strange. 10The Experimental Haunting of Wuthering Heights. Guest: Deborah Lutz. Lutz explores the Gothic structure and experimental narrative frames of Wuthering Heights. She suggests Heathcliff is an extension of Emily's own fierce imagination. The segment concludes with the tragic deaths of Branwell, Emily, and Anne from tuberculosis, leaving Patrick as the family's sole survivor. 11The Enduring Legacy of the Brontës in Haworth. Guest: Deborah Lutz. Lutz reflects on the Brontës' lasting cultural impact and Haworth's transformation into a major tourist destination. She discusses the critical backlash the novel initially faced for its violence. Despite the tragedy surrounding their lives, the Brontës remain buried beneath the church they once inhabited. 12The FBI, Money Laundering, and the Russian Mob. Guest: Craig Unger. Unger interviews whistleblower Jonathan Buma, a former FBI agent, regarding investigations into Donald Trump's ties to Russian intelligence. He claims Trump Tower served as a "laundromat" for the Russian mafia to clean illicit funds through luxury real estate. Unger questions why the FBI failed to act. 13Political Interference and FBI Counter-Intelligence Failures. Guest: Craig Unger. Unger discusses how investigations into the 2020 election and Rudy Giuliani were allegedly stymied. He notes that Giuliani received payments from Russian oligarchs, potentially compromising the Trump campaign. Unger and Buma explore why major intelligence agencies and the Department of Justice have not pursued these leads. 14The Chronic Failures of the Cuban Regime. Guest: Mary Anastasia O'Grady. O'Grady analyzes Cuba's ongoing economic misery and electricity crises, which the government blames on the U.S. embargo. She references the failed 10-million-ton sugar harvest of 1970 as a symbol of the state's incompetence. The regime maintains power through bitter repression and control over food resources. 15The Distortions of Global Wealth Taxes. Guest: Veronique de Rugy. De Rugy discusses how the UK's tax system discourages international athletes from competing at Wimbledon by taxing their worldwide endorsements. She argues that oppressive global tax schemes, such as California's proposed billionaire tax, often result in reduced economic activity and lower wage growth for middle-class workers. 16One correction folded in: the guest is Mary Anastasia O'Grady (not "Anastasio") in file 15.

The Distortions of Global Wealth Taxes. Guest: Veronique de Rugy. De Rugy discusses how the UK's tax system discourages international athletes from competing at Wimbledon by taxing their worldwide endorsements. She argues that oppressive global tax schemes, such as California's proposed billionaire tax, often result in reduced economic activity and lower wage growth for middle-class workers. 161350

Poverty and Economic Stagnation in Developing Nations. Guest: Veronique de Rugy. Veronique de Rugy examines why countries like the Democratic Republic of Congo remain in extreme poverty. She identifies institutional failures, such as a lack of property rights and predatory governments, as the primary causes of stagnation. Growth, she argues, is the only sufficient element to lift people out of poverty. 2

Veronique de Rugy argues that the U.S. already has the most progressive tax system among OECD countries, with the wealthy paying a disproportionate share of revenue. She critiques Thomas Piketty's proposal for a global wealth tax and mandated "degrowth," characterizing it as an effort to limit national growth under the guise of climate and social justice. (13)1904 PERSIA

Preview for Later Today: Veronique de Rugy examines Thomas Piketty's "degrowth" plan, which uses a global wealth tax to cap income. The proposal seeks to shrink manufacturing and leisure sectors to address global inequality and climate change.1807 TILSIT

Veronique de Rugy critiques the feasibility of single-payer healthcare in America. Citing Vermont's failed experiment, she highlights the astronomical tax increases required to fund such systems. De Rugy argues that government-run healthcare leads to rationing and stifles the medical innovation currently driven by the American private market.1949

SHOW SCHEDULE JOHN BATCHELOR SHOW, 6-4-2026.1671. Evan Ellis discusses the crisis in Bolivia, where President Rodrigo Paz appointed a new defense minister to counter blockades by Evo Morales's supporters and coca growers. These paramilitary-style tactics have isolated La Paz, causing severe shortages. Ellis analyzes the military's hesitation and the influence of illicit interests on the unrest. Evan Ellis examines upcoming elections in Peru and Colombia. In Peru, hard-left candidate Roberto Sanchezchallenges Keiko Fujimori, raising concerns about radical constitutional changes. In Colombia, security-focused newcomer Abelardo de la Espriella leads against leftist Iván Cepeda, reflecting public frustration with the government's failure to manage internal security. Evan Ellis details regional tensions: former Mexican President AMLO accuses Washington of interference regarding corruption probes into his party. In Cuba, the U.S. employs "carrots and sticks" to pressure the regime. Meanwhile, Brazil's election intensifies as the Trump administration backs Flavio Bolsonaro while imposing trade tariffs on Lula's government. Evan Ellis discusses Argentine President Javier Milei's push for unregulated AI development to attract tech investment, highlighted by Peter Thiel's move to Buenos Aires. The segment also covers social unrest in Mexicoas it prepares to host the World Cup, emphasizing the high costs and potential for disruption. Anatol Lieven analyzes Ukrainian drone strikes on St. Petersburg, which damaged energy infrastructure and embarrassed the Kremlin during an economic forum. Lieven observes that the war has evolved into a "battle of drones," undermining Russia's imperial image and increasing internal pressure on Putin as his original strategic goals remain unfulfilled. Anatol Lieven discusses the civil unrest following the murder of Henry Novak in England. He critiques the police response and explains how Nigel Farage is exploiting the tragedy to fuel nationalist sentiment. Additionally, Lieven assesses the political decline of Keir Starmer and the potential rise of Andy Burnham. Mary Anastasia O'Grady explores the ideological battle in the Andean region. She describes Evo Morales's efforts to paralyze Bolivia through road blockades. O'Grady also analyzes the electoral shifts in Peru and Colombia, where voters increasingly favor right-wing candidates who promise security and economic stability over hard-left institutional change. Veronique de Rugy critiques the feasibility of single-payer healthcare in America. Citing Vermont's failed experiment, she highlights the astronomical tax increases required to fund such systems. De Rugy argues that government-run healthcare leads to rationing and stifles the medical innovation currently driven by the American private market. Professor Andrew Bayliss discusses the origins and geography of Sparta, a fertile but mountain-locked valley. He explains the unique dual kingship and the Spartan "plantation cult" society, which relied on the brutal enslavement of the Helots. Bayliss also notes early military overconfidence, exemplified by their defeat at Tegea. Professor Andrew Bayliss introduces the primary sources for Spartan history: Herodotus, who recorded epic narratives; Thucydides, who focused on clinical analysis and the "Thucydides Trap"; and Xenophon, a student of Socrates who continued Thucydides' unfinished history. Each historian provided a distinct perspective on Sparta's rise and fall. Professor Andrew Bayliss describes the "brutal barracks life" of Spartan education, beginning at age seven. Boys endured physical hardship and were encouraged to steal food to prepare for combat. Women also underwent athletic training to produce strong warriors. This rigorous system created a highly disciplined citizen elite. Professor Andrew Bayliss analyzes the Persian Wars, noting that while Thermopylae created the Spartanlegend, the naval victory at Salamis was strategically decisive. Following the war, Sparta retreated into isolationism due to internal scandals, allowing Athens to transform its defensive alliance into a powerful, tribute-collecting maritime empire. Simon Constable reports from France on volatile commodity markets. While copper prices suggest economic growth, the continued closure of the Strait of Hormuz threatens to spike oil prices and trigger global economic downgrades. Constable also provides updates on regional weather and the health of his puppy, Lyra. Simon Constable discusses the political instability in Britain, where Andy Burnham seeks to challenge Prime Minister Keir Starmer. The segment also covers the tragic death of Henry Novak, which has ignited debates over migration and policing, with Nigel Farage utilizing the crisis to bolster his Reform Party's influence. Rick Fisher warns of the rapid militarization of the Earth-Moon system. He highlights China's dual-use space program, run by the People's Liberation Army, and the U.S. Space Command's shift toward "offensive space control." Both powers are deploying lunar vehicles to establish and protect territory in cis-lunar space. Rick Fisher discusses China's 100-year plan to dominate the solar system, specifically the Lunar South Pole's resources. He describes potential "de-confliction" issues as China uses crashing propulsion modules for landings. Fisher concludes that space is becoming an active war-fighting domain involving orbital, electronic, and cyber warfare.

REVIEW: Guest Veronique de Rugy critiques the single-payer healthcare model. She argues that European systems "free-ride" on American pharmaceutical and technological innovations, which are driven by the U.S. system's profit motives.

(6) Veronique de Rugy discusses a proposed California tax on billionaires, warning it will drive high earners away and reduce state revenue, while a competing initiative seeks to protect regular citizens' savings from taxation.1890 NEWLYWEDS

Veronique de Rugy argues that tariffs function as taxes paid by Americans, with costs passing to consumers at a 96% rate. Despite promises to revive manufacturing, employment in that sector has continued to decline. The policy is described as a "catastrophe" resulting in billions in unconstitutional levies that require federal refunds. (13/16)1921 WALL STREET

PREVIEW for Later Today: Veronique de Rugy explains that American consumers bear the full cost of Trumpadministration tariffs. These taxes make domestic manufacturing more expensive and products less affordable, contradicting claims that the policy would benefit the economy.1800 OYSTER STAND NYC

Veronique de Rugy critiques government-matched savings plans like the "Trump IRA." She argues these technocratic fixes add to the national debt without addressing core tax code flaws. She highlights how high penalties for early withdrawals and payroll taxes effectively discourage lower-income workers from saving for the future. (13/16)1935 NUREMBERG

16. Headline: The Marriage Penalty: How Welfare Policies Undermine Stable Families Guest: Veronique de RugySummary: Current US government policies create a "marriage penalty" that discourages low-income couples from marrying to avoid losing welfare benefits. Veronique de Rugy argues that these incentives contribute to a decline in intact marriages, which has significant negative long-term effects on children's education and achievement. 161880 WIEN 

14. Guest: Veronique de Rugy. De Rugy warns of a looming debt crisis, suggesting the US is passively choosing inflation over necessary spending cuts or tax hikes. She argues that fiscal credibility cannot be restored without reforming Medicare and Social Security, and recommends deregulating healthcare to increase supply and lower costs. 141945 HOLLYWOOD BLVD

SCHEDULE JOHN BATCHELOR SHOW, 4-23-261902 DELONGPRE GARDENHere are your formatted segments:1. Guest: Anatol Lieven. Lieven discusses the Middle East crisis, noting Russia benefits from rising oil prices while China fears global economic instability. Future concerns include potential US retaliation against Europe regarding Ukraine aid and Greenland, alongside upcoming tariff negotiations between President Trump and Xi Jinping in Beijing. 12. Guest: Anatol Lieven. Lieven analyzes UK politics, characterizing Prime Minister Keir Starmer as a "dead man walking" due to record low popularity and scandals involving Lord Mandelson. Regarding Ukraine, he suggests they are achieving a qualified victory by holding the line, though long-term survival is threatened by manpower and funding shortages. 23. Guest: Grant Newsham. Retired Marine Colonel Newsham explains Japan's participation in the Balikatan combat exercises in the Philippines. This shift toward active military training under Prime Minister Takayichi aims to counter Chinese aggression. Beijing strongly opposes this enhanced US-Japan defense link, fearing its combined strategic capabilities. 34. Guest: Titus Techera. Techera reviews Project Hail Mary, calling it a family-oriented film celebrating space exploration and "manly professionalism". However, he highlights Hollywood's decline as streaming and private gaming erode the shared cinematic experience. He notes that traditional "boys' fantasies" have largely defected to digital platforms. 45. Guest: Evan Ellis. Ellis examines Peru's political turmoil surrounding a multi-billion dollar F-16 deal. An interim leftist government attempted to delay payments, potentially seeking Russian or Chinese alternatives. Despite the resignation of two key ministers in protest, the deal currently appears to be moving forward. 56. Guest: Evan Ellis. Ellis details spillover violence in Trinidad and Tobago, where drug flows and gangs necessitated a state of emergency. He addresses Venezuela's opposition leader Maria Corina Machado's delayed return to the country. Additionally, he discusses El Salvador's controversial mass trial of 486 alleged gang members. 67. Guest: Evan Ellis. Ellis discusses a suspicious car crash in Chihuahua, Mexico, that killed four officials, including two CIA personnel. He also covers a diplomatic rift between the US and Brazil involving mutual expulsions of police liaisons, sparked by tensions over former President Bolsonaro and the 2022 election. 78. Guest: Evan Ellis. Ellis reports Panama is seeing increased canal revenue due to Middle East instability, but faces Chinese retaliation for revoking a port concession. China is using economic leverage to punish Panama, pressuring major shipping companies and harassing Panamanian-flagged vessels to discourage resistance to its presence. 89. Guest: Eric Cline. Archaeologist Cline discusses the Amarna letters, focusing on the prolific correspondence of Rib-Hadda of Byblos. He characterizes these ancient conflicts as proxy wars between the Hittites and Egyptians. Cline notes that the regional dynamics of 3,400 years ago strikingly mirror contemporary Middle Eastern geopolitical struggles. 910. Guest: Eric Cline. Cline explores the letters of Abdi-Heba, the ruler of Jerusalem, who balanced local conflicts while appealing to the Egyptian Pharaoh for military aid. The correspondence reveals a world of backstabbing vassal politics and frequent requests for gold, which Egypt occasionally sent as gilded wood. 1011. Guest: Eric Cline. Using social network analysis, Cline maps connections between Bronze Age rulers, identifying messengers as critical "power brokers". He notes the difficulty of identifying specific Pharaohs in the letters. Finally, he discusses the archaeological significance of Byblos and the need for future excavations once regional peace allows. 1112. Guest: Eric Cline. Cline discusses the 1177 BC collapse of the globalized Late Bronze Age network due to drought, famine, and invasions. He emphasizes modern lessons from this collapse, including the need for innovation, resilience, and multiple backup plans to ensure societal survival when complex systems inevitably fail. 1213. Guest: Craig Unger. Unger argues Vladimir Putin is the primary beneficiary of the Middle East conflict as rising oil prices bolster Russia's economy. He describes Donald Trump as a Russian "asset" whose interests align with Putin's. Additionally, he discusses Melania Trump's unusual press conference denying Jeffrey Epstein connections. 1314. Guest: Veronique de Rugy. De Rugy warns of a looming debt crisis, suggesting the US is passively choosing inflation over necessary spending cuts or tax hikes. She argues that fiscal credibility cannot be restored without reforming Medicare and Social Security, and recommends deregulating healthcare to increase supply and lower costs. 1415. Guest: Mary Anastasia O'Grady. O'Grady criticizes the stalled transition to democracy in Venezuela, noting the Rodriguez siblings are "buying time" for their criminal regime. Despite the capture of Maduro, corrupt officials remain in power. She highlights the ongoing threat to opposition leader Maria Corina Machado and the lack of US focus. 1516. Guest: Cleo Paskal. Paskal reports on Super Typhoon Sinlaku's impact on US Pacific territories. She also discusses the fuel supply crisis in the Marshall Islands caused by the Strait of Hormuz closure. Finally, she details the withdrawal of a controversial UK deal to cede the strategic Chagos Islands to Mauritius. 16

16. Veronique de Rugy addresses common tax myths, explaining that the top 1% already pays 40% of UStaxes. She argues that confiscating billionaire wealth would fail to eliminate the massive $25 trillion national deficit.1870-1910 OTTOMAN IRONCLAS

Preview for Later TodayVeronique de Rugy debunks the myth that taxing billionaires' total wealth can solve the US deficit. She notes confiscating all their assets would only cover a small fraction of the total debt.1900 CARTHAGE

The Recurring Failures of Industrial Policy Guest: Veronique de Rugy Veronique de Rugy critiques the World Bank for endorsing industrial policies that failed in Japan and China. She warns that government-led protection creates economic distortions and raises costs for domestic consumers.1935 Shanghai

14. The Failures of Industrial PolicyGuest: Veronique de Rugy. Veronique de Rugy critiques the World Bank's recent endorsement of industrial policy despite its historical failure in Japan and China. She argues these interventions distort economies and benefit industries over average consumers. (14)887 FRANCE IRONCLAD MARCEAU 2

15. Guest Veronique de Rugy analyzes the $300 billion cost of the Iran war, detailing legislative paths like reconciliation to bypass Senatefilibusters,. She highlights the risks of rising inflation and massive national debt,. (15)2024 MEXICO CITY HPUSE SCENE OF THE MURDER, AUGUST 1940, BY A SPANIARD NKVD ASSASSIN.

4. Veronique de Rugy: Explains the mass exodus of affluent individuals from high-tax states due to billionaire tax proposals,. She warns that "one-time" taxes historically become permanent, broadening their base to include the middle class,,. (35 words) (4)1910 PACIFIC PALISADES

HEADLINE: The Historical Roots of High Healthcare Costs GUEST: Veronique De Rugy The high cost of American healthcare is traced back to a 1920s tax code decision that exempted employer-provided health benefits from taxation. This "accidental" policy skewed the market toward insurance provided by employers or the government rather than an individual market. Consequently, the individual insurance market remains small and expensive, contributing to the United States having the most expensive healthcare system on the planet. (10)1919

### HEADLINE: THE TAX CODE ORIGINS OF HIGH AMERICAN HEALTHCARE COSTS SUMMARY:Veronique de Rugy traces modern healthcare expenses to a 1920s tax error and advocates for health savings accounts to restore consumer control and transparency. GUEST: Veronique de Rugy NUMBER: 13 (13)NOVEMBER 1899

Veronique de Rugy reports that Americans shoulder 90% of tariff costs, which fail to reshore production, hurt low-income families, and cannot offset interest on massive national debt. 13.1936

Veronique de Rugy reports that the Export-Import Bank is using rare earth minerals as a pretext to expand lending authority, primarily benefiting Boeing while failing to use existing China mandates. 14.1939 RIBBENTROP ARRIVES IN MOSCOW.

Veronique de Rugy of the Mercatus Center explains how bipartisan spending on entitlement programs like Social Security and Medicare drives national debt, arguing that American consumers, not foreign nations, primarily bear the economic burden of tariffs. 141908 NYSE

Veronique de Rugy of the Mercatus Center analyzes tensions between the President and the Federal Reserve, warning against fiscal dominance where political pressure regarding debt forces the Fed to lower rates.1930 FDR AND SARA

Veronique de Rugy of the Mercatus Center discusses Kevin Warsh's potential Fed chairmanship, highlighting his focus on price stability and a proposed accord to reduce Treasury pressure on the central bank.1903

Veronique de Rugy of the Mercatus Center argues that while Trump's deregulation aids growth, erratic tariffs and government industrial subsidies create uncertainty, functioning effectively as taxes that hinder the economy.1859 FIVE POINTS

Veronique de Rugy of the Mercatus Center argues tariffs act as taxes on Americans, criticizing the administration's erratic implementation for creating damaging business uncertainty that undermines economic planning.1955

Guest: Veronique de Rugy. De Rugy of the Mercatus Center examines the failure of Georgia's film tax credits, noting that productions eventually moved to cheaper locations despite billions in subsidies. She compares this to federal industrial policies like tariffs and Intel subsidies, arguing that government attempts to "pick winners" rarely produce sustainable economic results.1951 JACK DEMPSEY AND MAMIE VAN DOREN

SHOW SCHEDULE1-29-20261942 LANCASTER PA, ARMISTICE DAY IN WARTIME Guest: Anatol Lieven. Lieven of the Quincy Institute discusses breaking news that Vladimir Putin has agreed to a one-week ceasefire on Ukrainian cities following a request from Donald Trump. Lieven views this as a significant positive signal of Putin's desire to maintain good standing with the incoming administration, though he notes that major territorial disagreements remain unresolved. Guest: Anatol Lieven. The conversation turns to the $300 billion in suspended Russian assets. Lieven outlines Russia's proposal to use these funds for reconstruction or a joint investment fund to avoid confiscation, suggesting that suspending rather than lifting sanctions could be a political compromise to secure U.S. Senate approval. Guest: Chris Riegel. Riegel, CEO of Stratology, analyzes Elon Musk's pivot to manufacturing "Optimus" androids, arguing that California's restrictive tax and labor costs are driving the need for automation. He suggests that major retailers like Walmart are poised to replace significant portions of their workforce with robotics to maintain profitability amid rising economic pressures. Guest: Mariam Wahba. Wahba from the Foundation for Defense of Democracies reports on the persecution of Christians in Nigeria by jihadists and Fulani militants. She details a newly established White House working group designed to help the Nigerian government fix security gaps and enforce laws against the perpetrators of this religiously motivated violence. Guest: Mary Anastasia O'Grady. O'Grady of the Wall Street Journal critiques the Trump administration's engagement with Venezuela's acting president, Delcy Rodriguez. O'Grady warns that while Rodriguez is cooperating on oil exports, she remains a "vice dictator" managing rival factions to ensure the regime's survival while stalling on the release of political prisoners. Guest: Veronique de Rugy. De Rugy of the Mercatus Center examines the failure of Georgia's film tax credits, noting that productions eventually moved to cheaper locations despite billions in subsidies. She compares this to federal industrial policies like tariffs and Intel subsidies, arguing that government attempts to "pick winners" rarely produce sustainable economic results. Guest: Michael Toth. Toth of the Civitas Institute warns against new "climate superfund" legislation in states like New York, which seeks to retroactively tax fossil fuel companies for global warming. He characterizes these funds as unconstitutional attempts to regulate global emissions at the state level, arguing they will function as slush funds that drive up energy costs. Guest: Michael Toth. The segment focuses on California's strategy to empower the Attorney General to sue fossil fuel companies for rising insurance premiums. Toth argues these lawsuits are politically motivated and legally weak, noting that even insurance companies refuse to sue because attributing specific damages or deaths to corporate emissions is factually difficult. Guest: Professor Evan Ellis. Ellis of the U.S. Army War College reports that Cuba is facing a catastrophic energy collapse, with only days of oil remaining after Mexico and Venezuela cut supplies. He predicts this crisis will likely trigger a massive wave of migration as the island's power grid and economy face a near-total shutdown. Guest: Professor Evan Ellis. Ellis discusses the Costa Rican election, where center-right candidate Laura Fernandez holds a commanding lead. He describes her as a technocrat focused on combating drug-fueled crime and continuing pro-business policies, noting she is on track to potentially win the presidency in the first round. Guest: Professor Evan Ellis. Ellis evaluates Mexican President Claudia Sheinbaum, praising her pragmatic management of relations with the U.S. despite her leftist ideology. He notes she has navigated threats of tariffs and military intervention by cooperating on border security and extradition, while maintaining political dominance through her predecessor's powerful movement. Guest: Professor Evan Ellis. Ellis describes the unstable power dynamics in Venezuela, where the Rodriguezfaction cooperates with the U.S. on oil to prevent economic collapse. He warns that rival criminal factions, including the ELN and military figures, may sabotage this arrangement if they fear being betrayed or marginalized by the current leadership. Guest: Padraic Scanlan. Scanlan, author of Rot, introduces the history of the Irish Famine by recounting a folk story about Queen Victoria visiting the devastated village of Skibbereen. He sets the context by explaining how the pre-famine Irish economy relied entirely on the high-yield potato, which allowed landlords to pay incredibly low wages to a capital-poor population. Guest: Padraic Scanlan. Scanlan discusses the structure of Irish land ownership, using Shirley Castle as an example of the disconnect between landlords and tenants. He explains that while the landscape looked ancient, landlords were actually modern, sophisticated merchants who extracted rent from a tenant class living on small, unimproved plots known as "conacres." Guest: Padraic Scanlan. Scanlan explains the Victorian view of the famine through the lens of economist Thomas Malthus, who believed the "generous" potato encouraged overpopulation. He notes that Britishpolicymakers viewed the famine as a natural, inevitable correction and feared that providing aid would discourage the Irish poor from developing a "civilized" work ethic. Guest: Padraic Scanlan. Scanlan details the biological cause of the famine: Phytophthora infestans, a water mold that originated in Mexico. He explains that because Irish potatoes were genetically identical clones grown from cuttings, they had zero resistance to the pathogen, which destroyed both growing crops and stored food, leaving the population with no buffer against starvation.

SEGMENT 4: MAGA EMBRACES BIG GOVERNMENT LIKE NEW DEALERS Guest: Veronique de Rugy De Rugy argues MAGA policies mirror New Deal-era big government activism through state industrial policy and massive spending programs. Traditional Republican principles of limited government appear obsolete or abandoned, with the RINO label now applied to anyone advocating fiscal restraint or free market economics.1846 BRUSSELS

The Upwardly Mobile but Anxious Middle Class. Guest: VERONIQUE DE RUGY. Despite reports of a shrinking middle class, data shows many individuals are actually moving into the upper middle class. However, significant anxiety remains due to rising costs in government-regulated sectors like healthcare, housing, and education. This discontent leads to a search for scapegoats among the elite.1899

THE URGENCY OF SOCIAL SECURITY REFORM Colleague Veronique de Rugy, Mercatus Center. Veronique de Rugy argues Social Security must be reformed before trust funds run dry in the 2030s. She contends the system unfairly redistributes wealth from young workers to increasingly wealthy seniors and advocates for capping benefits or means-testing rather than raising taxes or allowing across-the-board cuts. NUMBER 6

Credit Card Interest Rate Caps Would Harm Low-Income Borrowers: Colleague Veronique de Rugy criticizes proposals by Senators Sanders and Ocasio-Cortez to cap credit card interest rates at 10 percent, arguing price controls will force companies to reduce risk, ultimately denying credit to the low-income borrowers the bill aims to protect SP 1954.

Political Horseshoe: Convergence of Left and Right on Interventionism — Veronique de Rugy — de Rugy describes the political "horseshoe" theory wherein ideologically opposed left and right political movements converge on preferences for expansive government intervention and managed economy policies. de Rugy documents that while left and right factions blame different villains—wealth inequality versus immigration—both now support agricultural subsidies, protectionist tariffs, and direct state economic intervention. de Rugy emphasizes that both extremes have systematically abandoned classical free-market principles in favor of comprehensive managed economy frameworks emphasizing state control and industrial policy direction. 1910